The rate at which our debt is increasing, is falling.
It would be weird if you remember that, given that you don't know me. But tax rises aren't the only way to pay off debts - they could have increased spending on public services less than they did.
Although I think it's more complicated than that. If your economy has changed and is clearly going to be stronger in the long run, you may be able to afford more debt, so it could be wise to borrow and grow quickly, knowing those debts will be serviceable. We weren't in that position, and should...
That's just so ridiculous it's pointless trying to explain otherwise to you.
This is a thread about our economic recovery. Labour spend more on the NHS and Education that the Tories, that's not up for debate. Unfortunately, our country has spend too much, and we owe far more than is healthy.
Our slump (under Labour) was worse that every G7 nation except Japan - fact. Of course that's then going to take time to recover from. Our economy has nearly caught up with France (compared to pre-crash levels) despite the fact that our economy fell to a lower level - so we've recovered more...
Useful chart, cheers.
Our economy suffered more than most, as it was a world financial crisis, and a huge part of our economy is in the finance sector. It looks like we're recovering well.
Exactly. I'd like the average and lower paid families to have a decent standard of living - if at the same time, some stupidly rich people get richer, I really don't care.